Plano 1 (31061), United States of America, Plano, Texas

Collateral Analyst III - Asset Based Lending

We are looking for an Asset Based Lending Operations team leader to manage a team of approximately 4 Collateral Analysts, supporting the day to day operations of a diverse mix of commercial lending customers and loan types. The team's core responsibility is centered around analyzing and monitoring client's collateral to ensure the validity of assigned collateral in accordance with their loan agreement. The team provides support throughout the life cycle of ABL lending, including providing feedback to support credit agreement negotiations, day to day collateral monitoring and ineligible calculations, through to payoff validations. In addition to typical day to day activity, the team leader should be identifying and leading change initiatives, balancing workload and resources to ensure appropriate and adequate coverage, and leverage various mediums and reporting to provide transparency and communicate updates to leadership and key stakeholders.

• Analyze and monitor client's collateral to ensure compliance with loan agreements and accurate ineligible calculations.
• Prepare collateral reconciliation, and balance deposit accounts on a daily basis and work with clients and account executives to resolve discrepancies.
• Review and analyze clients accounts receivable performance, identify ineligible collateral following prescribed guidelines and reconcile client's collateral balances.
• Prepares summaries of client's accounts receivable.
• Review and analyze client's inventory consignments and prepare reports on client's inventory activity.
• Review reports and documentation submitted by clients on a daily basis.
• Prepare necessary documentation to process client's daily payment and advance requests.
• Input data on client accounts into the bank's loan accounting system via ECC Schedule module for tracking and trending purposes.
• Leverage accounting systems to reconcile the loan balances to the collateral monitoring database and process transactions to manage dominion accounts.
• Accountable for accurate and timely approvals of activity in accordance with policies and procedures.
• Ongoing process and control review for effectiveness, gaps, and ongoing enhancements and updates based on evolving business needs, product offerings, and industry trends.
• Work directly with customers to discuss and resolve any discrepancies in their collateral reporting.
• Assist account executives with specialized product support such tax lien verifications and lender finance requirements.
• Ensure collateral reporting and documentation is properly stored and maintained in alignment with document retention policies and procedures.
• Facilitate training and support for onboarding new associates and creating a learning culture within the team.
• Perform detailed reviews of associate work for accuracy and completeness prior to approving.
• Lead or co-lead department projects related to process and automation improvements.
• Other typical duties as assigned and in accordance with people leadership, performance management, team building and driving continuous improvement efforts

• Strong organizational skills.
• Effective prioritization and time management.
• Independent and self motivated.
• Detail Oriented.
• Excellent verbal and written communication skills.
• Excellent interpersonal skills.
• Excellent customer service skills.
• Strong analytical skills.

• A secure home office environment that is free from background noise and distractions
• A reliable private internet connection that is not supplied via cellular data or hotspot
  
  
  • A private network that is password protected where you have ownership or line of sight to every device on the network
  • Internet service must be provided by Cable or fiber Internet Service Provides (ISP)
  • Hotspots and satellite services are prohibited and do not meet performance criteria required for optimal agent/customer interactions
  • ISP download speeds on VPN must be at least 5Mbps, with 10+ Mbps preferred
  • To validate ISP speeds from a Chrome browser, go to www.google.com, type Speed Test and run from the Google landing page
• Both Hardwire and WiFi internet connections are acceptable as long as speed and security requirements are met

• Candidates must live within approximately 50 miles of one of the hub locations based in 75024 and be comfortable coming in person whenever required with no less than 24 hours notice.

• High School Diploma, GED or equivalent certification
• At least 4 years experience in financial services or loan operations.
• At least 1 year of experience with Microsoft Office (Outlook, Excel, Word, PowerPoint) or Google Suite (Sheets, Slides, Docs)

• Bachelor's degree or military experience
• 5+ years experience in Asset Based Lending or Collateral Analysis
• 1+ year of leadership experience
• 5+ years experience using loan accounting or collateral monitoring software, such as Advanced Commercial Banking System (ACBS).